Nifty touches 52 weeks high, telecom, ifra sectors gain

September 20th, 2009 NEW DELHI - Companies in the telecom and auto sectors have witnessed robust growth in turnover despite not increasing their advertisement budgets, according to the Associated Chambers of Commerce and Industry (Assocam), an industry lobby. In a study titled "Cost-Benefit Analysis of Advertisement Campaigns", Assocham said: "The amount spent on the marketing expenses in proportion to the sales has undergone a substantial decline in 2008-09." However, it added that Indian telecom and auto companies, "despite spending less on their advertisement and promotion campaigns, were able to increase their sales volume significantly".

August 4th, 2009 MUMBAI - The Bombay Stock Exchange (BSE) benchmark Sensex rose to a 14-month high in early trade on Tuesday. The Sensex was trading 86 points low at 15,837 in early trade.

July 31st, 2009 MUMBAI - Bombay Stock Exchange (BSE) Sensex hit a 13 months record high of 15732.81 points on Friday. Indian equities pulled back towards the end of session to close with 15,670.31, which is a gain of 282.35 points or 1.83 per cent.

June 6th, 2009 MUMBAI - The bulls kept on going for the 13th consecutive week - the longest rally since August 2005 - with a key index adding 3.27 percent from last week amid expectations that the government would push through key reforms. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) rose for the 13th consecutive week, adding 3.27 percent or 478.3 points over the previous Friday's close and ended trade at 15,103.55.

May 25th, 2009 MUMBAI - Three companies in the Reliance Anil Dhirubhai Ambani Group were among the five top-performing stocks of the S&P CNX Nifty of the National Stock Exchange (NSE) last week, all of them outshining the 50-share index by a wide margin. With a gain of 52.7 percent, Reliance Capital was the best performer among the Nifty stocks.

May 14th, 2009 NEW DELHI - J.S. Sarma, a member of the Telecom Disputes Settlement and Appellate Tribunal, Thursday took over as the chairman of the Telecom Regulatory Authority of India (TRAI), succeeding Nripendra Mishra.

May 9th, 2009 MUMBAI - Indian equities markets rallied this week thanks to a handsome rise Monday, holding on to gains in spite of investors booking profits. However, analysts are keeping their fingers crossed for the election results due May 16.

May 2nd, 2009 MUMBAI - Indian equities markets crawled past last week's closing figure at the end of a truncated week, which saw global markets' indices rise smartly. A key index ended trade Wednesday at 11,403.25 points, 0.65 percent higher than the previous weekly close.

April 23rd, 2009 NEW DELHI - Strong financials of domestic companies and robust demand in sectors like telecom, pharma and capital goods will kickstart inbound merger and acquisition (M&A) activities in India in the next six to nine months, an industry lobby report said Thursday. The report by the Associated Chambers of Commerce and Industry (Assocham) said: 'Inbound M&As, which had witnessed a steep fall of 85 percent due to the global financial crisis, and consolidation deals are expected to show signs of revival by October-December period 2009.' Assocham president Sajjan Jindal said in the report: 'Indian companies could attract greater number of inbound M&A deals as the equity valuations of certain sectors like telecom, pharma, and capital goods offer lucrative strategic option to bigger foreign companies.' In January-March 2009, the inbound M&A deals, which had the maximum share in total M&A deal size during October-December 2008, contracted by a whopping 85.28 percent.

April 13th, 2009 MUMBAI - The Bombay Stock Exchange's Sensex on Monday touched the 11,000-point mark for the first time in over 18 months. The Sensex, which touched the high level of 11,000 points during the day, ended with a gain of 122.47 points at 10,926.33.

April 12th, 2009 NEW DELHI - Employment generation in India fell 49 percent during January-March this year, largely due to a slow growth of services industries like IT and banking, according to an industry lobby survey. 'The Assocham placement parameter (APP) Index (the body's index for measuring employment generation) has shown a steep fall of 49 percent and has came down to 509.72 from the base value of 1,000,' the Associated Chambers of Commerce and Industry (Assocham) said in a statement.

April 6th, 2009 NEW DELHI - With the Nifty hitting the 3300 mark on Monday, equities made an impressive opening. Buying interest has emerged in realty, banking and metal stocks.

February 26th, 2009 NEW DELHI - The government Wednesday said it has accepted the telecom regulator's proposal to allow companies to offer mobile phone services without owning network infrastructure or spectrum. The government decision would pave the way for foreign and Indian companies to set up mobile virtual network operators (MVNO) in India which can roll out wireless telecom services by renting spectrum and networks from existing telecom companies.

February 25th, 2009 NEW DELHI - You may have to wait a little more longer than expected before you start paying less to access the Internet through a high speed broadband network, as the telecom watchdog is yet to come out with the guidelines on the next generation network (NGN) that will enable telecom operators to offer better services at lower rates. Telecom operators have been asked to submit their comments on NGN by March 10, the Telecom Regulatory Authority of India (TRAI) said here Wednesday.

February 4th, 2009 NEW DELHI - The booming Indian telecom industry that boasts of the world's second largest mobile network is more resilient than others in combating crises such as the current economic slowdown or natural disasters, says a technocrat who has been associated with the sector for over three decades. At the launch of his book 'Connecting India' Wednesday evening, S.D.